94 Lake Forest Road

Property Overview: 94 Lake Forest Road

Key Characteristics, Appeal & Ideal Buyer

This well-situated one-storey home in Bridgwater Forest sits on a large, 6,658 sqft lot, offering more space than over 90% of homes on its street. Built in 2009, it features a renovated basement and an attached garage. With over 2,165 sqft of living space, it is notably spacious, ranking in the top 6% for size across Winnipeg. Its appeal lies in this combination of a premium lot size, generous interior square footage, and a move-in-ready basement within a sought-after modern community.

The property’s financial metrics are particularly strong. It boasts an assessed value that places it in the top 1% for Winnipeg, and its last two sale prices (2022 and 2017) were significantly higher than the vast majority of comparable sales in the city. This suggests a history of value retention and appeal that outpaces the broader market. It would suit buyers looking for a single-level living layout without compromising on space, and who value a home with demonstrable, above-average market performance in a newer neighbourhood. It’s a solid choice for those prioritizing lot size and interior volume over a newer build date within the community.

Frequently Asked Questions

1. How does the lot size compare to others in the area?
The 6,658 sqft lot is a key feature, ranking larger than 91% of properties on Lake Forest Road and placing it in the top 9% for the street. It offers substantial outdoor space for a home in this community.

2. The home was built in 2009. Is that considered old for Bridgwater Forest?
While the neighbourhood has newer homes, a 2009 build is still modern. The data shows it’s newer than 86% of all homes in Winnipeg, but within Bridgwater Forest itself, it is an older property, ranking in the top 89% (meaning 89% of homes in the neighbourhood are newer).

3. The assessed value seems low compared to the last sale price. Why?
The assessed value of $108,900k is for municipal tax purposes and is typically lower than market value. The more relevant figure is the 2022 sale price of $980k, which reflects what a buyer recently paid in the open market.

4. What does the sales history indicate about the property's value?
The home sold for $810k in 2017 and $980k in 2022. Both sale prices ranked in the top 1-2% for Winnipeg at those times, demonstrating a consistent pattern of achieving premium prices well above city-wide norms.

5. Is the living space typical for a one-storey home?
No, it is exceptionally spacious. With 2,165 sqft, it offers more living area than 94% of all homes in Winnipeg, making it a notably large bungalow-style layout.